WhaleCreep

Brevan Howard Capital Management LP 13F holdings, Q3 2021

Hedge fundSEC filingsCompare with another fundHoldings as of 2021-09-30, filed 2021-11-12

Brevan Howard Capital Management LP disclosed 28 US equity positions worth $164.7m in its Q3 2021 13F filing. Its largest position is QQQ at 21.7% of the reported book, followed by GDX and BIDU. Versus Q2 2021 it opened 6 new positions, added to 2, reduced 19 and exited 7.

$165m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
28
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
21.7%
Largest position
The largest single position as a share of the reported equity book.
86.0%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
8
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
40
Quarters on file since Q3 2013
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q2 2021: 6 new, 2 added, 19 reduced, 7 exited

28 rows
QQQ INVESCO QQQ TR–21.7%$35.8m100,000–new
GDX VANECK ETF TRUST–17.9%$29.5m1.00m+25%added
BIDU BAIDU INCCommunication Services16.3%$26.9m175,000+133%added
CME CME GROUP INCFinancial Services12.0%$19.8m102,5530.0%held
EEM ISHARES TR–4.6%$7.6m150,000–new
NET CLOUDFLARE INCTechnology3.5%$5.8m51,390−10.0%reduced
URA GLOBAL X FDS–3.0%$4.9m205,000–new
LICYUSD LI-CYCLE HOLDINGS CORP–2.6%$4.2m360,400–new
SPAQUSD FISKER INC–2.3%$3.9m263,300–new
DDOG DATADOG INCTechnology2.1%$3.4m24,075−10.0%reduced
ATOM ATOMERA INC–1.4%$2.3m97,904−10.0%reduced
TWST TWIST BIOSCIENCE CORPHealthcare1.3%$2.2m20,439−10%reduced
PBW INVESCO EXCHANGE TRADED FD T–1.2%$2.0m26,330−10%reduced
FSLY FASTLY INCTechnology1.2%$2.0m50,071−10%reduced
KOPN KOPIN CORP–1.1%$1.8m347,334−10%reduced
EMGA EMAGIN CORP–1.0%$1.7m755,511−10.0%reduced
NVTA1EUR INVITAE CORP–1.0%$1.7m59,238−10.0%reduced
II-VI INC no ticker–0.8%$1.3m21,258−10.0%reduced
XONECHF EXONE CO–0.8%$1.3m53,460−10.0%reduced
U UNITY SOFTWARE INCTechnology0.7%$1.2m9,180−10.0%reduced
DDD 3D SYS CORP DELTechnology0.6%$1.0m36,540−10.0%reduced
TPG PACE BEN FIN CORP no ticker–0.6%$934k88,535–new
DESKTOP METAL INC no ticker–0.5%$851k118,665−10.0%reduced
VERI VERITONE INCTechnology0.5%$787k32,927−10.0%reduced
SSYS STRATASYS LTDTechnology0.4%$680k31,590−10.0%reduced
NNOX NANO X IMAGING LTD–0.3%$575k25,560−10.0%reduced
MTLS MATERIALISE NV–0.2%$407k20,250−10.0%reduced
PRLB PROTO LABS INCIndustrials0.2%$396k5,940−10.0%reduced

Exited since Q2 2021

7 rows
QCLN FIRST TR EXCHANGE-TRADED FD3.3%$4.0m
ICLN ISHARES TR2.7%$3.2m
EDIT EDITAS MEDICINE INC2.2%$2.7m
PERIDOT ACQUISITION CORP no ticker1.7%$2.0m
BE BLOOM ENERGY CORP1.6%$1.9m
BLDP BALLARD PWR SYS INC NEW1.1%$1.4m
AI C3 AI INC0.7%$837k

Sector mix

  • Unclassified61.0%
  • Communication Services16.3%
  • Financial Services12.0%
  • Technology9.0%
  • Healthcare1.3%
  • Industrials0.2%

Book over time

Every quarter on file (40)
QuarterPositionsEquity book
Q2 20261,908$7.1bn
Q1 20262,006$10.0bn
Q4 20251,618$5.2bn
Q3 20251,799$7.0bn
Q2 20251,727$9.1bn
Q1 20251,076$3.6bn
Q4 2024963$4.0bn
Q3 20241,049$2.1bn
Q2 2024970$1.5bn
Q1 2024913$1.1bn
Q4 2023958$994m
Q3 2023326$337m
Q2 2023153$544m
Q1 202391$454m
Q4 202271$343m
Q3 202259$263m
Q2 202236$137m
Q1 202225$133m
Q4 202117$114m
Q3 202128$165m
Q2 202129$120m
Q1 202133$150m
Q4 202019$172m
Q3 201730$43.5m
Q2 20173$19.7m
Q1 20171$12.2m
Q4 20162$33.9m
Q3 201612$102m
Q2 20163$35.2m
Q1 201613$208m
Q4 201512$198m
Q3 201519$198m
Q2 201527$302m
Q1 201516$161m
Q4 20148$170m
Q3 20149$238m
Q2 20149$127m
Q1 201411$144m
Q4 201314$207m
Q3 201318$61.7m

Where Brevan Howard Capital Management LP was early

25 rows
MCHI ISHARES TRQ4 20131 of 580.2%8.5%6Exited by Q2 2015+13%
XRT SPDR SER TRQ4 20132 of 7710.7%13.8%3Exited by Q1 2025+81%
EEM ISHARES TRQ4 20137 of 1344.0%71.1%16Exited by Q2 2026+36%
FXI ISHARES TRQ4 20138 of 13549.9%49.9%8Exited by Q2 2026−6.4%
GLD SPDR GOLD TRQ4 201313 of 19122.8%24.8%9Exited by Q2 2026+271%
RDN RADIAN GROUP INCQ1 20144 of 1202.3%4.1%10Held at last filing, Q2 2026+151%
AAXJ ISHARESQ4 20141 of 3111.6%11.6%2Exited by Q2 2015+5.0%
BMA BANCO MACRO S AQ1 20151 of 831.8%2.6%11Held at last filing, Q2 2026+62%
PAM PAMPA ENERGIA SAQ1 20151 of 725.1%16.1%13Held at last filing, Q2 2026+365%
AGRO ADECOAGRO S AQ1 20152 of 787.9%18.1%5Exited by Q2 2016+13%
GGAL GRUPO FINANCIERO GALICIA S.AQ1 20152 of 965.7%9.9%12Held at last filing, Q2 2026+116%
CRESY CRESUD S A C I F Y AQ1 20153 of 323.8%11.7%5Exited by Q2 2016−15%
EDN EMPRESA DIST Y COMERCIAL NORQ1 20153 of 291.0%2.4%10Held at last filing, Q2 2026+54%
TX TERNIUM SAQ1 20153 of 525.0%9.1%4Exited by Q1 2016−31%
NMIH NMI HLDGS INCQ1 20157 of 1131.4%1.4%11Held at last filing, Q2 2026+449%
CFG CITIZENS FINL GROUP INCQ1 201510 of 1715.0%5.0%13Held at last filing, Q2 2026+190%
IBB ISHARES NASDAQ BIOTECHQ3 201611 of 12023.5%65.1%5Exited by Q3 2024+42%
LQD ISHARES TRQ2 20176 of 10124.2%24.2%11Exited by Q2 2026−9.6%
KOPN KOPIN CORPQ1 20211 of 682.7%2.7%5Exited by Q2 2025−91%
ATOM Atomera IncQ1 20212 of 421.8%1.9%6Exited by Q3 2022−62%
DDOG DATADOG INCQ1 202123 of 2671.5%2.3%11Held at last filing, Q2 2026+212%
URA GLOBAL X FDSQ3 20212 of 823.0%23.3%13Exited by Q1 2026+80%
EWY ISHARES INCQ4 202112 of 1131.5%4.0%3Exited by Q2 2026+58%
DOCN DIGITALOCEAN HLDGS INCQ2 202210 of 1751.1%1.2%11Held at last filing, Q2 2026+280%
ETHA ISHARES ETHEREUM TRQ4 20243 of 642.3%2.3%4Exited by Q1 2026−11%

Concentration and tenure

23.1%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
76.6%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
1
Median completed holding, quarters